Having a solid team around you like agent, lender etc.

You can grow your portfolio, maintain manageable risks, and still see some solid returns.

Hearings take place in the small claims court which is designed for non-attorney litigants and has relaxed procedures and rules of evidence. 

It’s humbing and frustrating, but it also teaches you those guardrails you’ll want next time.. like thorough screening, a solid lease agreement that sets ground rules upfront, and maybe even setting aside a bit more cushion in reserves.Chicago’s got plenty of investor-friendly pockets.

From what you’ve described, it sounds like you have a solid plan to ensure your hours meet the active participation criteria.

With experience in construction and sales, you'll definitely be able to use those skills to your advantage when doing value-add deals.The better the deal is, the easier it will be to do the BRRRR method and you can find some of the best deals off-market, so it's important to build a solid network and create deal flow so you can see as many opportunities as possible. 

(Yes it still happens, but it is a lease violation, and we have a solid leg to stand on should we need to pursue eviction or collections later.)

Seems pretty solid to me, no?

Quote from @Stepan Hedz: That’s a solid list, and I completely agree that these types of real estate investments can be risky for those without direct experience or proper guidance.

Best Practices for Finding a PartnerWhat are the most effective ways to find a solid investment partner?